A new bond index fund from the ETF offering issued by SPDR (State Street Global Advisors) has been tradable in the XTF segment on Xetra since Friday.
ETF name: SPDR BofA Merrill Lynch 0-5 Year EM USD Government Bond UCITS ETF
Asset class: government bonds
ISIN: IE00BP46NG52
Total expense ratio: 0.42 percent
Distribution policy: distributing
Benchmark: BofA Merrill Lynch 0-5 Year EM USD Government Bond ex-144a Index
The SPDR BofA Merrill Lynch 0-5 Year EM USD Government Bond UCITS ETF enables investors to participate in the performance of USD-denominated government bonds with short maturities from emerging market countries. Bonds must have a minimum nominal value of US$500 million, a residual maturity of no more than five years and fixed income in order to be accepted into the index. Bonds with a rating of Caa3/CCC- or lower are excluded. The country risk is limited to a maximum of 10 percent per country.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,040 exchange traded funds. This selection, together with an average monthly trading volume of around €11 billion, makes Xetra Europe’s leading trading venue for ETFs.
